According to the announcement, the Litecoin Foundation will be a fundamental partner for Atari as it pushes into the cryptocurrency and blockchain space. LTC will function as a payment method for the soon-to-be-released Atari Token, a platform utility token that will be useable for game purchases and at the upcoming Atari Casino. The new token is scheduled to launch in September.
Additionally, gamers can pick up the upcoming Atari VCS 800, a PC-console hybrid platform, at a discount if they pay in LTC. This may prove to be a popular option, as the system bundle, which includes a controller, console and joystick, costs $390 to preorder. While more expensive than the current consoles on the market, it is less than the Xbox One’s initial price tag of $499.
“Many of us remember growing up and playing games from Atari,” said Charlie Lee, Managing Director of the Litecoin Foundation. “It is great to see Litecoin being used in a variety of different ways within the Atari ecosystem, from purchasing the new Atari VCS gaming console to being used as a way to invest in Atari Tokens. The Litecoin Foundation is excited to see the possibilities a partnership like this can have for not only Litecoin and cryptocurrencies but also the gaming industry and lifelong fans of Atari.”
Additionally, Atari has launched its own blockchain subsidiary, Atari Chain, to manage the token and work on developing new use cases beyond payments and simple casino games.
This news comes shortly after Atari became the largest participant in the third LAND presale for the upcoming virtual world, The Sandbox, with plans to build both an Atari-themed theme park and a RollerCoaster Tycoon park in the voxel style.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.